Insider Trends: Power Integrations Sees 90 Days of Insider Buying Trend Reducing with Share Disposition
06:28 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, President & CEO, Balu Balakrishnan, executed a sale of 13,017 shares in Power Integrations (POWI) for $1,057,797. After the Form 4 filing with the SEC, Balakrishnan has indirect ownership of 522,294 shares of the company, which has a market value of $45.1 million as of the prior-day closing price.
In the 90 days prior to the date of this filing, there have been 18 insider transactions reported to the SEC for Power Integrations. These transactions came from the activities of 10 different insiders that resulted in a net acquisition of 44,226 company shares. Relative to the preceding 90-day window of time, there were 5 transactions from 4 insiders that resulted in the net disposition of 59,874 shares.
This is below the average for insider transactions in the 82-company Semiconductors peer group over the last 90-day period. Activity in the peer group averaged 168.8 transactions per company, and disposition of 8,891 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/833640/000083364021000034/xslF345X03/edgardoc.xml
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